Again, these prices are very basic, and there is really no substitution for pulling a tape measure on each space and plugging your metrics into a more sophisticated estimation model.Please remember that these costs vary a greatly by region, and our company also receives excellent pricing because of its size.

The investors are more sophisticated and want the relationship one on one.

It's not at all uncommon to form an LLC and have accredited &/or sophisticated investors invest in it.    

The sophisticated investor thinks in relative terms about value he didn't capture and what his opportunity costs were.

My property list is about 150 and should be able to push it close to 500 soon)Smaller properties (depends on the market but less than 150+ units) often will have less sophisticated and smaller ownership groups.

The strictly local investors will generally be less sophisticated and be expecting returns more inline with what their market is offering. 

Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

Eventually, most sophisticated investors don’t bother with their own banking relationships, and just have their broker approach them as well.

We tried a local bank and it is too sophisticated for them and one national bank that does not work with WY LLC’s.Anyone have suggestions on a National Bank that can handle our circumstances?

You will certainly be shut out of desirable large Metropolitan areas and wind up concentrating where anyone can do a GRM, CoCR, 1% rule, etc. which are really, non-sophisticated, non-complex calculations.Once you can understand and use IRR, you can evaluate ANY Investment.If you want to evaluate only Cashflowing Investments using IRR as an example, you set up a series of cashflows which only has the `10 annual Cashflows of the Investment over the 10 year holding cycle.